Metal is a mobile application and backend that allows users to send money and manage cryptocurrency and FIAT funds. The MTL Token is an Ethereum ERC20 Token that uses MetalPay’s unique Proof-of-Processed Payments (PoPP) to identify and reward users. MTL is one of the few FDIC-insured on-ramps to cryptocurrency in the United States.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Metal. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Metal and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Metal without any technical knowledge. Here is a brief overview of the existing wallet options to store your Metal:
Hosted wallets are wallets where the private keys to your Metal are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Metal online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Metal. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Metal, and if malicious parties have access to your device, your private keys (and therefore your Metal) can be stolen.
A hardware wallet is a physical device on which you can store your Metal offline. It is one of the safest ways to store your Metal, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Metal is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Metal. Once you have purchased Metal on Bitvavo, you can choose to send your Metal from your Bitvavo wallet to your own software or hardware wallet.